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Italian Economy Slips Back Into Recession

August 7th, 2014 Comments off

 

Italy, which has the 4th largest economy in the European Union,  is technically back in recession. According to official economic  data, the Italian economy in Q2 of 2014 contracted by 0.2 percent. This marks the second consecutive quarter of negative economic growth, thus meeting the technical definition of an economic recession.

Italy’s politics are a mess. Its judiciary is a mess.  It has a large untaxed underground economy, contributing to massive fiscal deficits. Despite some highly skilled entrepreneurs and impressive industrial sectors, the Italian economy is uncompetitive on the global market, particularly in comparison with its northern neighbor, Germany. Then again, Italy’s economic woes are no worse, and in many cases better, than other European economic basket cases, including Spain and Greece.

 

If Hillary Clinton runs for President of the United States  in 2016, see the video about the book that warned back in 2008 what a second Clinton presidency would mean for the USA:

 

CLICK ON IMAGE TO VIEW VIDEO

Hillary Clinton Nude

Hillary Clinton Nude